Rank

#570

Altrank ™

1074    1556

Sentiment

8%

Volatility PC

0.660%

Trend

 

HEIKIN-ASHI.

A Heikin-Ashi chart is a type of candlestick chart that uses modified price data to provide a clearer picture of trends and reduce noise in price movements. It averages the open, high, low, and close prices from the current and previous periods to create smoother, more visually appealing candlesticks that help traders identify and follow trends more easily.

RENKO.

A Renko chart is a price chart that uses fixed-size "bricks" to represent price movements, disregarding time and focusing solely on price changes. By eliminating smaller price fluctuations, Renko charts highlight significant trends, making it easier for traders to identify and follow trends in the market while reducing the impact of market noise.

This used to determine when the price is trending.

ADX values help identify the trends to trade. The values are also important for distinguishing between trending and non-trending conditions. ADX readings above 25 suggest that the trend is strong enough for trading. Conversely, when ADX is below 25, many will avoid trading.

ADX Value Trend Strength
0-25 Absent or Weak Trend
25-50 Strong Trend
50-75 Very Strong Trend
75-100 Extremely Strong Trend

Crossovers of the -DI and +DI lines can be used to generate trade signals.

If the +DI line crosses above the -DI line and the ADX is above 25, then that is a potential signal to buy. On the other hand, if the -DI crosses above the +DI, and the ADX is above 25, then that is an opportunity to enter a potential short trade.

When the price breaks out of the upper Bollinger band, its a possible time to sell.
A strategy is that the price tends to always return to the middle of the Bollinger bands

Buy when the price hits or bounces on the lower Bollinger band

Sell when the price hits or bounces on the upper Bollinger band

Good in a sideways or ranging market

When the Bollinger bands 'squeeze' or contract, it means that the market is very quiet, and a big move is coming.

An exponential moving average (EMA) is an average price calculation over a specific time period that puts more weight on the most recent price data, causing it to react faster to price change.

Use moving averages to help determine price trend & direction. It can also help determine entry and exit points when the lines cross.

This is used to show a trend, and it also tries to forecast potential trend reversals. For example, If the parabolic line is green, you would follow the bullish trend

We also have buy signals when the lines go over and below the current price.

When RSI (Relative Strength Index) is above 70, it means that the market is overbought, and we should look to sell.

When RSI is below 30, it means that the market is oversold, and we should look to buy.

As with any chart, things are less prone to error, when zoomed out to high timeframes

The Hull Moving Average (HMA) is an extremely fast and smooth moving average. The HMA almost eliminates lag and manages to improve smoothing at the same time.

SuperTrend is a trend-following indicator showing a line above or below price. Green line indicates uptrend, red downtrend. To use:

Buy when price crosses above the line (turns green)
Sell when price crosses below (turns red)
Use as stop-loss: Place stop-loss just below the SuperTrend line in uptrends, or above it in downtrends. As the trend continues, the line moves, allowing you to adjust your stop-loss, potentially locking in profits.

AI Trade Setup

This calculator leverages the power of the latest AI to determine the optimal trade setup based on market sentiment, ATR multiplier, and leverage. Use the dropdowns below to input your parameters and click 'Calculate' to get your personalized trade setup. You will, of course, use other indicators to assist when pulling the trigger, or set this up as a limit order.

Calculate Setup
AI Trade Results
Backtest Results

This can show you the diamond hands you will need to keep in these sorts of leverage trades, especially when you add a trailing stoploss
What are you prepared to risk? especially as leverage multiplies the risk.

Trade Alerts
These alerts when turned on should warn you when to enter or exit a trade.

Try out your strategy first with the backtest
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